Burger King contributed to the growth, with a 13% increase in comparable sales in the US.īurger King and McDonald’s offer soft drinks, hot dogs, desserts, hamburgers, chicken, and French fries. In 2021, Restaurant Brands’ revenue jumped 37% to $1.44 billion. It is a subsidiary of Restaurant Brands International and sister-company of Tim Hortons and Popeyes. Here is an in-depth analysis of top McDonald’s competitors and alternatives:īurger King is one of the leading fast-food restaurants globally, with over 18,000 locations in more than 100 countries. But the company faces stiff competition from quick-service and fast-casual brands, such as Burger King, Wendy’s, KFC, Starbucks, Subway, and Chipotle. This move propelled its 2021 revenues to the highest level since 2016. In 2021, McDonald’s increased Big Mac and Chicken McNugget prices to offset rising food and labor costs. This flexible model eliminated the need for waiters and spread the costs to franchise owners. McDonald’s revolutionized the fast-food industry by blending the quick-service and franchise system. McDonald’s profits soared 59% to $7.5 billion. In 2021, the burger giant had 375,000 employees and generated $23.2 billion in revenue. Since then, McDonald’s has expanded to more than 39,000 locations across over 100 countries. The chain introduced the iconic golden arches in 1962 and corporate mascot Ronald McDonald in 1963.
Kroc acquired the fast-food chain from the McDonald brothers in 1961. In 1955, Ray Kroc partnered with Maurice and Richard to build the company. Brothers, Maurice and Richard McDonald, opened the chain’s first restaurant in 1948 in San Bernardino, California, its current headquarters. McDonald’s is one of the most recognized fast-food restaurants globally.
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